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<br />Period <br />(Both Dates Inclusive) <br /> <br />May 1, 1991, to April 30, 1993 <br />May 1,1993, to April 30, 1996 <br />May 1, 1996, to April 30, 1999 <br />May 1, 1999, and thereafter <br /> <br />Redemption <br />Prices <br /> <br />103% <br />102% <br />101% <br />100% <br /> <br />(D) The Term Bonds shall be subject to redemption in part by lot <br />by .operation of Sinking Fund Jnstallments as provided in Article VI of this <br />Resoluti.on, upon notice as herein provided, at a Redemption Price equal t.o the <br />principal amount .of each Bond .or portion thereof to be redeemed, together ~1th <br />accrued interest to the date of redemption, without premium. Unless none of <br />the Term Bonds shall then be Outstanding, Agency shall be required to pay on <br />May 1 of each year set forth in the foll.owing table, for the retirement .of the <br />Term Bonds, the amount set opp.osite such year of said table, and the same <br />amount s.o to be paid on each such date is hereby established as and shall <br />c.onstitute a Sinking Fund Installment for retirement of the Term Bonds; <br />pr.ovided, however, that if pri.or t.o each date on which a Sinking Fund <br />Installment is due any Term Bonds have been purchased or redeemed fr.om moneys <br />in the Prior Redemption Fund, the total amount of future Sinking Fund <br />Installments shall be reduced in accordance with the priority provided for in <br />Section 401(B) and (C) by an amount equal to the principal amount of Term <br />B.onds so purchased or redeemed through the reduction of each applicable future <br />Sinking Fund Installment in $5,000 increments by the amount obtained by <br />multiplying the principal amount of Term Bonds s.o purchased or redeemed by the <br />rati.o which each applicable Sinking Fund Installment then bears t.o the total <br />of all future Sinking Fund Installments to be applied to the redemption of <br />those Terms Bonds next to be redeemed in accordance with such priority. <br /> <br />Sinking Fund Installments shall be made with respect to the Term Bonds <br />as foll.ows: <br /> <br />With respect to the Term Bonds maturing May 1, 1996: <br /> <br />Principal <br />Amount <br /> <br />Year <br /> <br />1992 <br />1993 <br />1994 <br />1995 <br />1996 (Maturity) <br /> <br />$ 155,000 <br />175,000 <br />190,000 <br />210,000 <br />235,000 <br /> <br />25 <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />